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Door Closers Market worth $5.87 billion by 2030, growing at a CAGR of 4.38% - Exclusive Report by 360iResearch
Door Closers Market | 360iResearch
The Global Door Closers Market to grow from USD 4.34 billion in 2023 to USD 5.87 billion by 2030, at a CAGR of 4.38%.
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Door closers are mechanical devices designed to close a door automatically after someone opens it or after it is automatically opened. They are an integral part of door hardware, ensuring doors close securely to maintain fire safety, control temperatures, and uphold energy conservation. They are commonly found in commercial and public buildings, such as schools, hospitals, and office complexes. Door closers are integral components in residential, commercial, and industrial door systems, ensuring safety, security, and energy efficiency by controlling the closing of doors. Increases in construction activities, along with renovations in existing structures, often entail the installation of new door closers to provide privacy and security to dwellers. Additionally, the expansion of smart buildings, smart homes, and smart hospitals across the world has necessitated the installation of advanced door closers to provide a comprehensive experience to the inhabitants. However, the possibility of entrapment hazards caused by the failure of the door closer to work properly raises concerns about the reliability, quality, and safety of door closers. Additionally, the complexity of installation for some advanced door closer systems may deter customers from installing them. However, key players are constantly innovating new product designs that are easier and safer to install. Furthermore, offering customizable door closers that can fit a wide range of design preferences or architectural styles and utilization of door closers to achieve sustainability in buildings provide new avenues of growth for the industry.
In the Americas, with particular emphasis on the U.S. and Canada, consumer needs for door closers primarily center around safety, security, and compliance with strict building codes, such as the Americans with Disabilities Act (ADA) in the U.S. Customer purchasing behavior in these regions tends towards selecting products that offer not only durability and reliability but also aesthetic compatibility with architectural designs. The EU's stringent regulations on fire safety and energy efficiency have a strong influence on the door-closer market, with a high demand for products that meet these standards. In the Middle East, the boost in construction activities and development of smart homes, particularly in the Gulf Cooperation Council (GCC) countries, drives demand for high-end door closers. Furthermore, climate considerations such as sandstorms in the Middle East and heat insulation requirements in both Europe and the Middle East encourage the adoption of door closers that contribute to maintaining building integrity against environmental elements. The APAC region, particularly nations such as India, China, Japan, and South Korea, boasts one of the fastest-growing demands for door closers, fueled by rapid urbanization and infrastructure development. Consumers in the APAC region prefer cost-effective and durable door closers, and the availability of door closers through online distribution channels has further boosted the demand for door closers in the APAC region.
Market Segmentation & Coverage:
This research report categorizes the Door Closers Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Concealed Door Closers, Floor-Spring Door Closers, Overhead Door Closers, and Surface-Mounted Door Closers. The Overhead Door Closers is projected to witness significant market share during forecast period.
Based on Operation Mode, market is studied across Electrical and Mechanical. The Electrical is projected to witness significant market share during forecast period.
Based on Door Opening Type, market is studied across Sliding Door and Swing Door. The Sliding Door is projected to witness significant market share during forecast period.
Based on Application, market is studied across Commercial, Industrial, Institutional, and Residential. The Institutional is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline and Online. The Online is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.01% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Door Closers Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Door Closers Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Door Closers Market, highlighting leading vendors and their innovative profiles. These include Allegion PLC, Assa Abloy AB, Beacon Metals, Inc., Cal-Royal Products, Inc., Calibre Door Closers, Inc., CRH Australia Pty Ltd., Deltana Enterprises, Inc., Detex Corporation, Dorence Industries Pvt. Ltd., dormakaba International Holding AG, Dynasty Hardware, Ebco Private Limited, Fortress Industrial Co., Ltd., Frameless Hardware Company, LLC, GEZE Gmbh, Godrej & Boyce Manufacturing Company Limited, Guangdong Archie Hardware Co., Ltd., Hager Group, Hangzhou Guardson hardware Co., Ltd., IFKA Door Closer, ISEO Serrature S.p.A., Kaizon Hardware, Kason Industries, Inc., Lawrence Hardware Inc., Oubao Security Technology Co., Ltd., RS Components Ltd., Ryobi Limited, Securefast Limited, Suzhou Fuerda Industry Co., Ltd., and Thase Enterprise Co..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Door Closers Market, by Product
7. Door Closers Market, by Operation Mode
8. Door Closers Market, by Door Opening Type
9. Door Closers Market, by Application
10. Door Closers Market, by Distribution Channel
11. Americas Door Closers Market
12. Asia-Pacific Door Closers Market
13. Europe, Middle East & Africa Door Closers Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Door Closers Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Door Closers Market?
3. What is the competitive strategic window for opportunities in the Door Closers Market?
4. What are the technology trends and regulatory frameworks in the Door Closers Market?
5. What is the market share of the leading vendors in the Door Closers Market?
6. What modes and strategic moves are considered suitable for entering the Door Closers Market?
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